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Updated about 6 years ago on . Most recent reply

User Stats

2
Posts
1
Votes
Allen Ho
  • Real Estate Investor
  • Azusa, CA
1
Votes |
2
Posts

Main Street needs the bail out now!!!

Allen Ho
  • Real Estate Investor
  • Azusa, CA
Posted

Sorry, I don't usually post and am mostly a lurker learning from all of you. However, i feel it is time that I need to say something...that WE THE PEOPLE/INVESTORS need to be bailed out this time! I don't want to sound socialist by any means, but this stupid virus has created an economic incursion of our daily lives to which we have no time window to recover back to norm - who knows how long a recovery will take?  That being said, BANKS/LENDERS/ETC need to back off for at least 3 to 6 months if not maybe more.  These institutions which are backed by the government (which actually the government should be backing WE THE PEOPLE, not the institutions).  Maybe most of you will say that I don't understand money and money flow, but this time the flow of money has been stopped!  If my tenants don't have a job and can't pay rent due to this situation and my job doesn't pay me to cover due to this situation, but the lenders and banks still hold me responsible to pay them, then I say that this is a literal break/schism from the cycle of money and on top of it, they own/collateral the assets so, we the people/investors get the shaft while the institutions get bailed out for this situation...someone please tell my thinking is wrong on this

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